USDJPY Technical Analysis today is in a downtrend, as shown in the chart below. The Dollar/Yen price is trading at 146.22, and trading appears below most of the moving average crossovers. The MACD indicator also indicates a negative trend. Accordingly, we can consider selling from a decline to $145.84, with a target of $145.37. It is also recommended to choose the $146.87 area as a stop-loss point to control risk.
USDJPY Technical Analysis: On the Other Side
if the buy zone at $146.87 is broken, the dollar/yen price may head towards $147.24.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 146.69
- First Resistance: 146.47
- Pivot Level: 146.05
- First Support: 145.83
- Second Support: 145.41
